U.S. Economic News
February 8, 2021
U.S. News
The Wall Street Journal reports that crude oil prices have surged to their highest levels in over a year, fueled by recovering demand, depleting stockpiles, and continued production curbs. As a result, American consumers can expect to see higher retail fuel prices in two to four weeks, though analysts don’t expect any major impacts to fuel prices. WSJ
Bloomberg reports that roughly 5 million Americans – more than 5% of U.S. renters and mortgage holders – did not pay their rent or mortgage in December. While the percentage of households behind on their payments has decreased since last June, elevated financial stress remains for many Americans, including another 3.5 million renters and mortgage holders at risk of eviction or foreclosure. Bloomberg